MANILA (July 31) – The Social Security System (SSS) announced it will implement a three-year Pension Reform Program, introducing gradual pension increases starting September 2025, in line with President Ferdinand R. Marcos Jr.’s directive.
The program aims to support pensioners amid inflation, promote inclusive benefits, and reinforce the value of work and saving. Increases will be applied in three annual tranches every September until 2027.
Starting September 2025, retirement and disability pensioners as of August 31, 2025, will receive a 10% increase, while death or survivor pensioners will get a 5% increase. The same adjustments will apply to those qualified by August 31, 2026, and August 31, 2027.
By 2027, pensions are expected to rise by about 33% for retirement and disability pensioners, and 16% for death or survivor pensioners.
Approved by the Social Security Commission under Resolution No. 340-s.2025, the reform is designed to be sustainable and will not require any increase in member contributions. SSS President and CEO Robert Joseph de Claro said the program would benefit around 3.8 million pensioners and inject PHP92.8 billion into the economy over three years.
Despite a slight reduction in the fund life—from 2053 to 2049—the SSS assured the public that the fund remains sound, with ongoing efforts to expand coverage and improve collection efficiency to restore fund longevity.
